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Thread: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

  1. #261
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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Gimmesometruth View Post
    If I thought that continuing debate would help you, I might be tempted to do so...but really I don't have much hope. Romer in her work for the stimulus package used 1.6 as the highest multiplier....AND THAT MEANS EVERY DOLLAR SPENT IS MULTIPLIED BY 1.6 IN CALCULATING IT'S EFFECT THROUGH THE ECONOMY....NOT COSTING THE GOVT MORE.

    The rest of your claims are just horribly confused libertarian bs that just is not worth my time.
    If your basic knowledge and posting doesn't get better, forget about responses.
    Here is a very thorough study which documents that increasing debt reduces GDP growth. Not Romer's stupid multiplier nonsense. Romulus was correct.

    Economics: Debt loads above 90% of GDP may impede growth

    Here is a graph from the article (figure 2 link in the text)



    When debt to GDP increases beyond about 25%, the economy of every extra dollar borrowed goes down. As the US will top 100% under Obama, we have reached the point where we are screwed.
    Last edited by Eighty Deuce; 08-03-12 at 05:58 PM.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by DA60 View Post
    I am not talking about whether the economy is improving or not.

    I am asking you one thing and one thing only.

    Why do you put more stock in the Gallup numbers then the government numbers?


    I do not understand why you are not understanding this simple question?
    Ok. Again. They are the same. One does not have to put more stock into either one. If they differed then i would have to pick one over the other. But they dont. They are the same. I have not stock in either.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Conservative View Post
    Again you have no concept of numbers, the 1.5% is an anualized rate, not a quarterly rate. Better stop trying to act like you know what you are talking about
    1.5% is the amount by which the GDP GREW go back and read and i actually even posted the actual numbers in dollars.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Gimmesometruth View Post
    I'll take the one..

    A:Yes.
    Look like an improvement to you? And you think I may be ignorant?

    http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    Ok. Again. They are the same. One does not have to put more stock into either one. If they differed then i would have to pick one over the other. But they dont. They are the same. I have not stock in either.
    Then why did you say the following earlier:

    'The economy is improving just not at the rates people want it to be. Gallup tracks a few key numbers. Numbers that to me are more important than just the official unemployment rate. They track the % of adults employed full time, and % of people who are underemployed.

    Jan 7 2010 we were at 63.3% FT (fulltime) and 19.4% UE (underemployed) 19.4%.
    Jan 7 2011 we were at 63.7% FT and 19.2% UE
    Jan 7 2012 we were at 65.2% FT and 18.3% UE
    Aug 1 2012 we were at 66.6% FT and 17.1% UE

    Those numbers show improvement and I think are more of an indication of job market growth and job quality.'



    And as I showed you - the government numbers DO 'track the % of adults employed full time, and % of people who are underemployed'.

    So, considering that the government numbers do all you require, use a much larger base to get their reading from, include 16-17 year olds AND can be seasonally adjusted (whereas Gallups cannot)...I cannot understand why anyone would suggest that Gallup's numbers are more accurate then the governments.

    That is my point.
    Last edited by DA60; 08-03-12 at 05:55 PM.

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    1.5% is the amount by which the GDP GREW go back and read and i actually even posted the actual numbers in dollars.
    That is an annualized number not a quarterly number and that is less than last year

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Conservative View Post
    Again you have no concept of numbers, the 1.5% is an anualized rate, not a quarterly rate. Better stop trying to act like you know what you are talking about
    here let me help you a bit more

    Real gross domestic product -- the output of goods and services produced by labor and property
    located in the United States -- increased at an annual rate of 1.5 percent in the second quarter of 2012,
    (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
    Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by pbrauer View Post
    I believe in revenue sharing, don't you? The Federal Government helped Gov. Perry when he needed it to balance the books.
    "Revenue" ? What "revenue" ? What kind of moronic concept are you proposing ? The Stimulus was 100% BORROWED money !

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by muciti View Post
    here let me help you a bit more

    Real gross domestic product -- the output of goods and services produced by labor and property
    located in the United States -- increased at an annual rate of 1.5 percent in the second quarter of 2012,
    (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
    Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.
    Do you know what an annualized rate is? Read your own post,
    increased at an annual rate of 1.5 percent
    What is it about you that cannot allow you to admit when you are in over your head and wrong?

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    re: Jobless rate rises to 8.3 percent, hiring picks up but still falling short

    Quote Originally Posted by Conservative View Post
    That is an annualized number not a quarterly number and that is less than last year
    Quote Originally Posted by muciti View Post
    here let me help you a bit more

    Real gross domestic product -- the output of goods and services produced by labor and property
    located in the United States -- increased at an annual rate of 1.5 percent in the second quarter of 2012,
    (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
    Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.
    Goodness ! First we have to explain the difference between public debt and private debt.

    Now its what "annualized rates" are !


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